Anti-social financial practices are a regular occurrence in both developed and developing countries. The drive for monetary success has the tendency for corporate executives to exploit and/or disregard regulatory controls for the sake of financial gain. This research evaluates the ability of corporate governance codes in preventing corporate collapses. It compares corporate governance codes of developing economies and developed economies in identifying the weaknesses in the corporate governance codes of developing economies. The qualitative research method was employed to collect information. Descriptive data and critical analyses methods are used to compare the corporate governance codes.
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